Crypto News

Bitcoin Price Plummets to $42,500: What’s Next? The Sudden Crash Bitcoin appeared to have been securely floating above support just earlier, but today, the picture has changed as the price has suddenly crashed to $42,500. Bitcoin has crashed more than 6% during the past 24 hours. It had kicked off 2024 with some sharp bullish…

Why Cardano Struggles to Keep Up with Other Cryptocurrencies Introduction Cardano has consistently remained one of the largest cryptocurrencies in the industry with the price of its native ADA coin following the crypto market rally. However, it has not performed as well as other cryptocurrencies despite its marked popularity among investors. Crypto pundit Ben Armstrong,…

Arbitrum Surges in Total Value Locked (TVL) Reaching New Heights in TVL Arbitrum (ARB), a layer 2 (L2) protocol has achieved yet another major milestone in its Total Value Locked (TVL) reaching new heights, following a surge in the crypto asset’s price. Arbitrum Sees Surge In Total Value Locked (TVL). According to the L2beat platform,…

The Recent Bitcoin Flash Crash and Its Impact on the Crypto Community The Shocking Drop in Bitcoin Price The recent flash crash of Bitcoin from over $45,500 to as low as $41,100 has sent shockwaves throughout the crypto community, sparking debate over the underlying causes. While some have attributed the crash to unconfirmed rumors that…

Grayscale’s Bitcoin Trust sees trading surge as spot ETF decision looms Introduction As the digital asset world eagerly awaits the approval of Bitcoin ETFs, Grayscale’s Bitcoin Trust (GBTC) is experiencing significant fluctuations in its trading volume. On Jan. 2, 2023, GBTC saw its second-largest trading day volume in the past 12 months, reaching $338 million….

Exploring the Impact of CME Bitcoin Futures on Binance: A Heartfelt Look at the 18% Open Interest Drop Introduction Recently, CryptoSlate’s analysis shed light on the open interest of Bitcoin futures across major exchanges. In the last 24 hours, there has been a significant reshuffling of open interest in Bitcoin, with a remarkable surge and…

Binance dominance fell to 44% last year amid mounting regulatory and legal woes A Closer Look at Binance’s Market Share Decline Crypto exchange Binance, once a powerhouse in the cryptocurrency industry, saw its market share drop to 44.5% last year, according to data from Paris-based crypto intelligence platform Kaiko. This decline marked a significant shift…

US SEC Faces Decision on Bitcoin ETFs January 10 Deadline Approaching As the January 10 deadline for the US Securities and Exchange Commission (SEC) to decide on a series of spot Bitcoin Exchange-Traded Funds (ETFs) approaches, the market is rife with speculation. Initially, there was a strong consensus for approval, but recent expert analyses suggest…